1.
Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, Dec. 31 (UPI) -- Crude oil prices soared Wednesday on the New York Mercantile Exchange, although prices closed more than $50 below levels that closed out 2007.
"The path of least resistance appears to be up for now," said Tom Bentz, a broker at BNP Paribas told The Wall Street Journal.
Crude oil prices closed up $5.34 at $45.59 per barrel. Heating oil prices gained 0.1541 cents to $1.4421 per gallon. Reformulated blendstock gasoline rose 0.1767 cents to $1.062 per gallon. Natural gas prices lost 0.237 cents to $5.622 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $1.617 Wednesday, up from Tuesday's $1.616 a gallon, AAA said.
|
|
|
| Additional Business News Stories | |
SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
|
TEL AVIV, Israel, Feb. 13 (UPI) --
Israel's military says major cuts in defense spending will hit air-defense missile systems and halt production of tanks and a new armored personnel carrier.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
|
| Stories | Photos | People | Comments |
View Caption
